4 ms·
That may be true for top professionals, but I have my doubts that someone working at McDonalds is going to make any more in the city. In fact, I'm certain they
by randomdata 9y ago
That may be true for top professionals, but I have my doubts that someone working at McDonalds is going to make any more in the city. In fact, I'm certain they could make a lot more, even before accounting for the substantial savings in living costs, by getting out of the city. For what it is worth, the median individual income in the aforementioned place is 30% higher than in the nearest major city as well.
I'm not sure I agree with the risk premium either. With the numbers showing that there are more jobs than people, something that is definitely not the case in the city, you are comparatively better off as you can walk into virtually any job out there. If you are hung up on doing one specific job, that may be a different story, but I'm not sure someone at McDonalds is only willing to work at McDonalds.